European stocks dropped in the course of trading today and for the week, while the Stoxx 600 may show the biggest weekly decline since July, despite a steady rebound in oil prices.
The composite index of Europe’s largest enterprises Stoxx 600 fell by 0.6% – to 340.96 points. Since the beginning of the week lost almost 7%.
The capitalization of mining companies BHP Billiton and Glencore Plc declined 1.1% and 1%, respectively, following the decline in metal prices.
BMW shares fell 1.8% after the German automaker was forced to recall 956 sedans models of the M5, M6 coupes, convertibles and sedans M6 M6 Gran Coupe 2015 because of problems with the quality of the welding.
Vonovia shares climbed 0.9% after the company raised annual profit forecast for the second time.
The price of securities of the transport and oil companies A.P. Moeller-Maersk A / S has increased by 0.9%. Denmark’s largest company said it is still considering different options for further strategic development. Earlier media reported that the company can be divided into two parts, one of which will depart transport assets, the other – in the sphere of oil production assets.
Norwegian telecommunications company Telenor has added 1% of market value after its head Segway Brekke stated that the company intends to sell its stake in VimpelCom Ltd.
Shares of betting company William Hill jumped 5.3% on news that its operating profit in the current year will be closer to the upper limit of its forecast.
Shares of Vopak, the world’s largest independent tank terminal operator for the storage of petroleum products decreased by 3.5% after the company reported results for the first half.
Nibe Shares added 3.5% as earningssurpassed the forecasts.
At the moment:
FTSE 6853.47 -15.49 -0.23%
DAX 10540.18 -62.85 -0.59%
CAC 4404.75 -32.31 -0.73%
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